Just like covered california helps you find Health Insurance you can afford. Theyre the only place you can get Financial Assistance to help pay for Health Coverage. Plus, this year, the state is providing more help than ever before. And because a new law requires californians to have Health Coverage or pay a penalty, covered california has made it easier to get financial help, but you gotta sign up by april 30th. Visit coveredca. Com or call to enroll today. Good evening. Thank you for joining us. Im byron pitts. What about our economy. Tonight, in our nations war against covid19, a call to arms by some of the Biggest Companies on the planet. Walmart, amazon, and other business behemoths announcing they need workers. But for the estimated 14 million jobs in jeopardy, those workers, their families, need help right now. Hello. Hey, man, this is byron pitts from nightline. How are you doing . Its been just a few hours now since danny smiley got the news hed been dreading. His job of 17 ye
Others warnings of continued outbreak headwinds plus mobile merger revision, why softbank is cutting its stake in the Overall Company that will be created between sprint and tmobile, and why its so much more likely to happen and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week theres a spike in new cases both in and outside of china you got cocacola joining the list of Companies Impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2. 5 div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the rest of the sector. Why dont we tell the truth . A little too premature, they all presume it will be solved within a
Lifeline. We will hear from the Morgan Stanley ceo on the big 13 billion acquisition of e trade. Paul. Paul thanks, emily. Lets check on how futures are looking in asia. Looking like a much quieter day than yesterday. Sydney futures looking fairly flat right now. U. K. Futures looking weaker by 0. 4 . A bit of a move down in costly futures. We saw u. S. Markets ending modestly low. Concerns about earnings downgrade. More on that later. New zealand also trading right now. Currently flat. Emily thanks. Lets get a check of where the u. S. Markets closed today. Taylor riggs is in the newsroom. What were the highlights . Taylor sort of a risk off day. Really 500 Big Companies leading the losses. Bonds rallying five basis points after the crucial 1. 51, and the yield curve is inverted by the most since october, six basis points. Take a look at the chart in my terminal that put the selloff into perspective. The chip performance relative to s p 500 performance is still near an 18 year high. On
Results as leadership speculation swirls. Lets look at how we are positioned on the markets. Australia, looking like a flat open. Moved loweres have on that news from apple. Nikkei futures off about a fifth of 1 . New zealand has been trading for about an hour now. Ospi futures the latest company to announce fallout from the coronavirus. Joining us, mark gurman. Background into this announcement. Apples second revenue adjustment to years in a row. This time it also has to do with china but for a different reason , coronavirus. Billion for the march quarter. They are not saying what the new Revenue Target is. It is very clear that this is happening an impact on them. Sales in china are down dramatically. Two stores, most of which have been closed in february. China is the third biggest market. Second, the iphone is temporarily constrained, meaning they are producing less and selling less in the quarter. Andiphone makes between 50 60 of the revenues depending on which quarter you are loo
Fbn a. M. Starts right now. It doesnt make sense to anybody else. Who cares, youre all i think about. I searched the world and i know now lauren welcome to fbn a. M. Good morning. Happy monday, im lauren simonetti. Cheryl good morning, im cheryl casone. Today we celebrate the legacy of civil rights icon, Martin Luther king, junior. Lauren lets take a look at how your money is moving now. U. S. Stock markets are closed but futures are trading, dow down 20, nasdaq down 9. Cheryl taking a look at stocks in asia, again, the thawing and the reality of the u. S. China trade truce being over at least for phase one, still kind of sinking in for asian investors. The nikkei up a fraction, hang seng is lower, shanghai, kospi, higher. Lauren european markets, Business Leaders and policy makers descending on davos for the World Economic forum. Cheryl top story this morning, promise made, promise kept, President Trump taking a victory lap during a speech to americas farmers after striking two major